Following the recent interest rate reduction from the Bank of England, our CEO Robin Rathore says that the drop mitigates some of the impact caused by the increased stamp duty rates announced in the Budget:

“We’re seeing a lot more activity in the market than we were 12 months ago. Today’s reduction should accelerate this even further and bring continued confidence and stability.

“While the base rate reduction is an incremental move, and there is still a way to go, it takes the pressure off aspiring buyers and mitigates some of the impact of increased stamp duty rates announced in the recent Budget.

“With inflation remaining steady, it’s likely that we will start to see further incremental drops over the next six months.”

As seen in Express:

https://www.express.co.uk/finance/personalfinance/1972594/interest-rates-live-bank-of-england